SMC Update 12-8-21

12/08/2021


Comments (2)
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brian1469
brian1469

Thanks Peter

mikepowell.vietnam107
mikepowell.vietnam107

I like your descending parallel channel on the NQ futures. I drew it out on my chart and then added an ascending parallel channel from the low on October 4th to the low on December 3rd for the bottoms line and snapped the upper channel line to the high on November 22nd. The price action has been in the intersection of these two parallel channels since November 3rd. It looks like a drunk man meandering through the intersection and he’s currently standing in the center line of the ascending channel, lol. Can’t make this sh%t up! Lol

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